Author: lbostgadmin
Rude Shock
Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Sri Lanka hikes prices for diesel and petrol, to ease the strain on the government coffers, as world crude prices keep steady at US$ 48 per barrel. Petrol […]
Unchanged Melody
Sri Lankans may be avid fans of Baywatch dubbed in Sinhala and Sex and the City on Sundays, but divorce and pre-marital sex are still a big no no.Sri Lankans may be avid fans of Baywatch dubbed in Sinhala and Sex and the City on Sundays, but divorce and pre-marital sex are still a big […]
Rising Sun
Sri Lanka has won three additional air frequencies to Japan, under the recently concluded ministerial meetings.Since Japan’s Narita airport is nearing capacity, the Japanese Aviation authorities have allowed three additional frequencies to Kansai Airport, Osaka (the industrial city of Japan), the Sri Lankan Foreign Ministry said Friday. Japanese arrivals last year were around 17,000 and […]
Traffic Report
Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women trafficking under a decade old law.Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women […]
Giant Octopus
The UK’s top accounting heavyweights are in exploratory talks for a strategic consolidation, but management accountants would still need to get additional qualifications to sign off a company’s balance sheet.The UK’s top accounting heavyweights are in exploratory talks for a strategic consolidation, but management accountants would still need to get additional qualifications to sign off […]
Rolling Out
A Cabinet paper to clear India’s Telemetro Rail Corp., (TRC) to carry out a feasibility study on a proposed light transit rail is due before policy makers shortly. Western Region Development Ministry says its is working with the Highways Ministry and the Ministry of Transport to draft the Cabinet paper to clear TRC to carry […]
Clear Skies
SriLankan Airlines inked a collective bargaining pact with its cabin crew endings months of hard bargaining, which included a lightening strike in May.SriLankan Airlines inked a collective bargaining pact with its cabin crew endings months of hard bargaining, which included a lightening strike in May. The national carrier’s 650 strong unionised cabin crew, took just […]
USAID puts down US$ 30,000 to help Ampara community
The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in conflict-prone communities.The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in […]
Potty Project
Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its sewer lines.Colombo city residents won’t have to run outside with a pail of water yet, with the Cabinet clearing a US$ 180 million project to flush out its […]
Deposited Trust
Commercial Bank of Ceylon has put aside Rs.25 mn to set up a social responsibility trust to foster community development projects islandwide.Sri Lanka’s most profitable privately held bank said it would contribute one percent of its post tax profits each year to feed the Trust. For the six months ending June 30, the Commercial Bank […]
Government to borrow Rs. 72 bn from the market in October
The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme.The Central Bank says it will re-issue Rs. 72 bn worth of debt paper to the market, as part of its October borrowing programme. Of the 72,071 mn worth of paper maturing, […]
ADB keeps Lanka’s growth figures intact, but says oil shocks and erratic weather patterns is fanning inflation
The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and erratic weather conditions is fanning inflation in the South Asian region. The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and […]